Kalshi and Polymarket bettors are unsure if California Gov. Gavin Newsom can prevent a proposed billionaire tax from reaching voters.
By
Brent D. Griffiths
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Prediction markets are taking stock of news reports ahead of a key deadline for California's proposed billionaire tax.
Odds that a proposed billionaire tax appears on California ballots plunge on prediction markets
Newsom opposition sinks billionaire tax odds for California 2026 ballot
Newsom rejects scaled-back billionaires tax as ballot fight looms
California Billionaire Tax Faces Last Hurdle Before Ballot
'Unlikely Bedfellows': Left-Leaning Groups Join Newsom-Backed Effort to Sink California Billionaire Tax | Common Dreams
Failing 'Moral Test,' Newsom Rejects Compromise 2% Wealth Tax on California Billionaires | Common Dreams
California wealth tax on billionaires heads to November ballot, and crypto portfolios are in the crosshairs
Billionaire tax measure qualifies for California's November 2026 ballot
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California billionaire tax qualifies for ballot, setting up costly fight
Odds that a proposed billionaire tax is on California's ballot dropped after reports noted that Gov. Gavin Newsom is pushing to…
Gov. Gavin Newsom vowed to stop a billionaire tax in California. The deadline for the measure to appear on the November ballot is…
California's billionaire tax faces steep decline after Newsom's opposition. Tax passing in 2026 now at 19% YES.
Gov. Gavin Newsom said he remains opposed to a proposed tax on billionaires, even after the union backing the measure revised its…
The wealth tax has qualified for the November ballot, but a Gavin Newsom–brokered deal could still kill it.
$3,322,200 has traded on "Billionaire one-time wealth tax passes ..." as of June 1, 2026. View real-time odds or trade on The…
